Market Update – October 19 – Inflation hasn’t disappeared
USDIndex steady below 20-DMA at 112.20. Yields are rising and the rally in stocks is petering out, although ASX and Nikkei still managed to post modest gains and futures are…
Read More »USD/JPY awaits Japan intervention around 30-year high above 149.00, yields stay sluggish
USD/JPY treads water around 149.20-30 as Tokyo opens for Wednesday. In doing so, the yen pair prints mild losses while snapping the 10-day uptrend as
Read More »Market Update – October 13 – FOMC Minutes Remain Hawkish – CPI Today
USDIndex – Held 113.00 yesterday and again tested 113.44. Yields cooled from recent highs. (US 10yr at 3.902%). US PPI was hotter than expected (0.4% vs 0.2% & -0.1% prior)….
Read More »Japan Jibun Markit Services PMI for September (final): 52.2 (prior 49.5)
<p>Services 52.2</p><p>preliminary 51.9prior 49.5</p><p>Composite 51.0</p><p>preliminary 50.9prior 49.4</p><p>—</p><p>Commentary from the report:</p><ul><li>"September brought along a more positive month for Japan's service sector as activity levels returned to growth. The announcement that restrictions…
Read More »GBP/JPY Price Analysis: Trimmed last week’s losses, regains the 200-DMA
The GBP/JPY advanced for the fourth straight day and reclaimed the 200-day EMA after hitting a daily low at around 159.43, though buyers stepped, send
Read More »Market Update – September 29 – Sterling & Stocks drift as BoE boost fades
USDIndex – tumbled to 112.43 after the BoE’s actions ( worst session in 2.5 years). Today it found some ground edging towards 113.35, buoyed by renewed pressure on the Pound….
Read More »Market Update – September 26 – Sterling Slumps
USDIndex – surged to 114.40 before settling at 113.64. 10-year yields jumped 5.5 bp in Australia and are currently 7.6 bp higher in the US. 2-year Treasury yields broke above 4.3%…
Read More »Market Update – September 23
USDIndex – holds above 111. Yields: 10-year surged 18 bps to hit 3.71% but finished at 3.69%. 2-year was 9 bps higher at 4.15% before easing off. It was an…
Read More »Events to Look Out for Next Week
After a massive central banks week, the speed of the selloff in the stock market remains the shocker and has been very damaging as the markets reprice for the very…
Read More »US Dollar Rally Pauses as Japanese Yen Finds Respite: Asia-Pacific Outlook
Asia-Pacific markets face a risk-off day despite a US Dollar pullback driven mainly by Japanese Yen strength following an intervention in FX markets.
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